“Our ecommerce staff hit a milestone,” Fastenal CEO Dan Florness instructed analysts on the corporate’s latest first quarter earnings name. “In March, we exceeded $100 million in income for the primary time.”

For the primary quarter ended March 31, Fastenal — which incorporates in its complete digital gross sales footprint the gross sales occurring on Fastenal.com, by EDI and by way of internet-connected merchandising machines at buyer places and vendor-managed stock packages — elevated complete gross sales by 20.3% to $1.704 billion from $1.417 billion within the first quarter of 2021. Internet earnings within the first quarter had been $269.6 million in contrast with $210.6 million within the first quarter of 2021.

Join a complimentary subscription to Digital Commerce 360 B2B Information, printed 4x/week. It covers expertise and enterprise traits within the rising B2B ecommerce business. Contact Mark Brohan, vice chairman of B2B and Market Analysis Growth, at [email protected]. Observe him on Twitter @markbrohan.

Observe us on LinkedIn and be the primary to know when new Digital Commerce 360 B2B Information content material is printed.

Favourite